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The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $52a night. Operating costs are as
The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $52a night. Operating costs are as follows. (a) Your answer has been saved. See score details after the due date, If the inn plans on renting an average of 50 rooms per day (assuming a 30-day month), what is (1) the monthly margin of safety in dollars and (2) the margin of safety ratio? (Round ratio to 0 decimal places, eg. 10\%.) 1. Margin of safety 2. Margin of safety ratio %
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